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Evening Standard
Evening Standard
Vicky Shaw

Buy now, pay later consumer protections proposed by Financial Conduct Authority

FCA BNPL United Kingdom the Financial Ombudsman Service Clearpay the Financial Conduct Authority
Buy now, pay later borrowers will be able to complain to the Financial Ombudsman Service if something goes wrong, under proposals from the Financial Conduct Authority (Dominic Lipinski/PA) - (PA Archive)

Buy now, pay later providers will have to check that people can afford to repay their loans and offer support if they get into financial difficulty under a consultation put forward by the Financial Conduct Authority (FCA).

Borrowers will also be able to complain to the Financial Ombudsman Service if something goes wrong.

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